Forecast: UAE HR Outsourcing Services Market to Grow at 6.2% CAGR Over the Next five Years

2023: TASC to launch Falek Tayyeb to boost Emiratisation. TASC Outsourcing has announced the launch of the region's first recruitment app exclusively for Emirati nationals.

According to MarkNtel Advisors study, The UAE HR Outsourcing Services Market size is valued at around USD 500 million in 2024 & is estimated to grow at a CAGR of around 6.2% during the forecast period, i.e., 2024-30.

Integration of technology into different business aspects has been a trend throughout the business world. Naturally, HR also is using technology to make the processes more efficient and streamlined. Automation using artificial intelligence, machine learning, and data analytics are making various HR processes more streamlined. Many leading HR service providers are using technology to enhance their services. Whether it is employee onboarding or payroll management using technology makes it more efficient and precise. Companies can conduct elaborate performance evaluations effortlessly, and make more informed, data-driven decisions for their practices using machine learning and data analytics. This tech integration is transforming the HR outsourcing services industry in the UAE.

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Key Findings in UAE HR Outsourcing Services Market:

Historical Years - 2019-2022

Base Years - 2023

Forecast Years - 2024-2030

Key Report Highlights

· Market Dimensions & Projections

· Pricing Evaluation,

· Recent Strategic Moves by Companies,

· Primary Stakeholders,

· Analysis of Import and Export Trends,

· Competitive Landscape Assessment,

· Emerging Opportunities,

· Market Trends and Indicators

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UAE HR Outsourcing Services Market Key Players:

Sovereign Group, JAMS HR Solutions, Intelligent Business Technologies LLC (IBT), HLB HAMT, Nathan & Nathan, AMS International FZ LLC, Transguard Group, Dulsco, TASC Outsourcing, Ultimate HR Solutions, Sundus Recruitment Services LLC, Al Mansoor Enterprises LLC, Axxon HR Solutions, Others

Market Segmentation Overview:

By Services

-Payroll (Payroll Management, Loans & Other Benefits Processing, Payroll Master Data Management, Pension Administration, etc.)

-Benefits Administration (Health Insurance, Retirement Accounts, Vacations & Leaves, Employee Visa Processing Services, Employee Data Administration, etc.)

-Recruitment Process (Talent Acquisition, Recruiting, etc.)

-Learning Services (Talent Development & Management, Employee Collaboration & Engagement, etc.)

-Multi Process Human Resource (HR Tools, Workforce Planning & Analytics, Budgeting, Integrated HR Services, etc.)

-Others (Leave & Attendance Management Compliance, HR consultancy etc.)

Payroll management service command the largest share and is anticipated to grow the most during the forecast period as well. Payroll services manage employee compensation with ease and precision, taking the burden off of the company. The reason behind it is to make sure that employees get compensated fairly and timely while decreasing the administrative responsibilities for the company.

Moreover, outsourcing payroll systems has many benefits, it is cost-effective, as a payroll system or employee managing it is not required. It also streamlines the process of payroll calculation and planning which is a rather lengthy process, it also reduces the risk of late payment, and miscalculation, and also enhances security by reducing the probability of funds misappropriation. Outsourcing payroll management also addresses the issue of compliance as the HR service providers are usually well-read on the policies of the country.

By End-User

-Government

--Oil & Gas

--Healthcare

--Public Utilities (Aviation, Infrastructure Facilities, Ports, etc.)

--Others (IT & ITES, Education, etc.)

-Non-government

--Healthcare

--IT & ITES

--Hospitality

--BFSI

--Others (E-commerce & Retail, Manufacturing, etc.)

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By Region

Dubai
Abu Dhabi
Sharjah & Rest of Emirates
The UAE HR Outsourcing Services Industry Recent Development:

2023: Dulsco Group, a provider of integrated People, Environment, and Talent solutions, acquired Edinburgh-based Advance Global Recruitment Ltd (AGR), specialists in energy recruitment.

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